Centaurus Financial Inc. Has $533,000 Position in KLA Co. (NASDAQ:KLAC)

Centaurus Financial Inc. lifted its holdings in KLA Co. (NASDAQ:KLAC) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 688 shares of the semiconductor company’s stock after buying an additional 159 shares during the period. Centaurus Financial Inc.’s holdings in KLA were worth $533,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Swedbank AB boosted its stake in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the period. Community Financial Services Group LLC boosted its position in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after purchasing an additional 6,279 shares during the last quarter. Eastern Bank boosted its position in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after purchasing an additional 23,747 shares during the last quarter. ING Groep NV grew its stake in KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares in the last quarter. Finally, Generate Investment Management Ltd increased its position in KLA by 39.0% in the 3rd quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after purchasing an additional 1,651 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 2.0 %

Shares of NASDAQ KLAC opened at $631.47 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market cap of $84.47 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. KLA Co. has a 12-month low of $527.11 and a 12-month high of $896.32. The firm’s 50-day simple moving average is $706.36 and its 200 day simple moving average is $759.85.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the firm earned $5.74 earnings per share. KLA’s revenue was up 18.5% compared to the same quarter last year. On average, research analysts expect that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 31.05%.

Analyst Ratings Changes

KLAC has been the subject of several recent research reports. Barclays lowered their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Citigroup reduced their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Susquehanna cut their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, UBS Group decreased their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $815.55.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.